Identify each of the following accounts of Universal Services Co. as asset, liability, owners equity, revenue, or

Question:

Identify each of the following accounts of Universal Services Co. as asset, liability, owner’s equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.
a.
b.
c. Cash
d. Cindy Yost, Capital
e. Cindy Yost, Drawing
f. Fees Earned
g. Office Equipment
h. Rent Expense
i. Supplies
j. Wages Expense

Accounts Payable
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Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...